Here S Why the Strong January Jobs Report Will Push Interest Rates Higher
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Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Here’s why Trump will reject a flat tax
A flat tax rate is one of those ideas that sounds great until you think about it.MarketWatch - Business - Donald Trump -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
His goal likely saved Ferguson's job at Man United. Now Coventry coach could push Ten Hag near exit
In 1990 Mark Robins scored a goal that has long been credited for saving former Manchester United manager Alex Ferguson his job and provided the platform for more than two decades of successABC News - Sports -
Home sales are down. Here's why buyers should act now.
A drop in home sales could prove to be an opportunity for some buyers. Here's why.CBS News - Top stories -
Car insurance rates are nuts right now. Here’s how to lower your bill when cash is tight.
Auto insurance costs are up more than 22% since this time last year. It may be time to take that defensive driving course and bank the discount.NBC News - Top stories -
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says
A report from the website 38 North says that North Korea is putting surveillance cameras in schools and workplaces in a technology-driven push to monitor its population even more closelyABC News - Tech - North Korea -
Most retirees don't delay Social Security benefits, research finds. Here's why experts say it pays to wait
A majority of new retirees claim Social Security retirement benefits before age 65, new research finds. Here's why experts say it's better to wait.CNBC - Business -
Here's why it could be better to buy Series I bonds before May, experts say
Series I bonds could fall below 5% in May. Here's the best time for long-term investors to buy.CNBC - Business -
Weak or Not, Iran's Strike Demanded a Strong Reply
Why is Gen. McKenzie calling for restraint from Israel?The Wall Street Journal - World -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Job Confidence Dips Among U.S. Workers
New LinkedIn data shows that Americans are feeling less secure in their jobs than in January. The sentiment among job seekers is even worse.Inc. - Business -
Jobless Benefit Applications Hold Steady in Continued Strong Labor Market
Labor Department figures show the four-week average of new claims is unchanged from a week ago.Inc. - Business -
Supreme Court hears arguments over obstruction law used against January 6 rioters
The Supreme Court will consider whether part of a federal obstruction law can be used to prosecute some of the rioters involved in the January 6, 2021, attack on the US Capitol. Follow here for the latest live news updates.CNN - Top stories -
Here’s the latest.
Twelve jurors have already been chosen. Jury selection could wrap up on Friday as the lawyers seek to add five alternates — substitutes in case any of the first dozen must leave — to the panel.The New York Times - Top stories -
Indians vote in huge election dominated by jobs, Hindu pride and Modi
Yahoo News - World -
P&G Sales Boosted by Higher Prices Outside the U.S.
Higher prices for diapers and razors boosted sales and profits at Procter & Gamble in the latest quarter, but the maker of Pampers and Tide said it held the line on goods in the U.S.The Wall Street Journal - World -
EPA issues waiver allowing higher-ethanol gas to be sold this summer
The Biden administration has issued a waiver allowing fuel with higher ethanol content to be sold during the summer months when gasoline prices typically rise. E15, a fuel blend with 15 percent ethanol, is an estimated $0.25 cheaper than E10 fuel, ...The Hill - Politics -
For a Storied N.H.L. Franchise, the Stakes Have Never Been Higher
The Oilers haven’t won a Stanley Cup since 1990. This team, with its future in limbo, could be Edmonton’s best chance.The New York Times - Sports -
College basketball transfer rankings 2024: Ranking top 75 players as Xavier adds Ryan Conwell to strong class
Here are the best transfers in the portal so far during college basketball's 2024 offseasonCBS Sports - Sports -
Regime change is here
In the US economy, and at UnhedgedFinancial Times - World -
House advances aid bills for Israel, Ukraine, putting Johnson's speaker job in jeopardy
House Speaker Mike Johnson has introduced several standalone measures to provide funding for American allies abroad and U.S. border security, but a handful of Republicans really hate the idea. CBS News congressional correspondent Nikole Killion is ...CBS News - Top stories -
Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.MarketWatch - Business -
TV and film jobs may never fully recover post-pandemic, strikes, says Teamsters president
When it comes to film and TV jobs, "you'll hear the word 'contraction' a lot," said Teamsters president Tommy O'Donnell on a recent MediaMKRS panel.CNBC - Business -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
R.F.K. Jr.’s Environmental Colleagues Urge Him to Drop Presidential Bid
Nearly 50 leaders and activists who worked with Mr. Kennedy at an environmental nonprofit group will run ads calling on him to “Honor our planet, drop out.”The New York Times - Top stories -
Murphy fires back at Trump Jr. on Mayorkas vote: 'Republicans are full of s‑‑‑'
Sen. Chris Murphy (D-Conn.) fired back at Donald Trump Jr. on Friday for calling out three Senate Democrats who voted to end the impeachment case against Homeland Security Secretary Alejandro Mayorkas. “Your Friday morning reminder that ...The Hill - Politics - Donald Trump -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
The Push to StoreRenewable Energy in Massive Salt Caverns
Renewable power is used to produce hydrogen, which is stored in underground caverns until it is needed for green energy.The Wall Street Journal - World -
Drought Pushes Millions Into ‘Acute Hunger’ in Southern Africa
The disaster, intensified by El Niño, is devastating communities across several countries, killing crops and livestock and sending food prices soaring.The New York Times - Science